Jet

India's aerospace suppliers see upside in parts-making from record jet orders

Rising traffic, a search for alternative sourcing to China and orders this month from Air India and IndiGo for nearly 1,000 jets combined have made India a key market for aerospace.

IndiGo to buy 500 jets from Airbus: Report

During an airline industry conference in Istanbul, sources said that the European planemaker has emerged as the leading candidate for a large order eclipsing Air India's historic provisional purchase of 470 jets in February

China Jet to rival Airbus, Boeing makes first commercial flight

Flight MU9191 took off from Shanghai at 10:32 a.m. local time, China Eastern said on its Weibo account. The plane carried 128 passengers and landed safely at Beijing, People’s Daily said in a tweet.

US says Russian jet caused spy drone crash over Black Sea, Moscow denies collision

The Russian defence ministry offered a different account and Moscow's ambassador to Washington said his country "views this incident as a provocation" involving a U.S. MQ-9 drone and Russian Su-27 fighter jet.

IndiGo pits Boeing against Airbus in record jet order talks

India's largest airline has until now been an exclusive buyer of narrow-body jets from Airbus and French Finance Minister Bruno Le Maire said last month that IndiGo was close to ordering several hundred planes from the European planemaker.

Jet CEO Sanjiv Kapoor celebrates 31st anniversary: 'Our open-air wedding on a...'

"The 'then' photo was taken in 1986, almost 37 years ago, when we were in first-year college," Sanjiv Kapoor said sharing the throwback photo.

Jet CEO on IndiGo row: 'They wouldn’t have dared to raise their voice against a foreign crew'

Jet Airways CEO Sanjiv Kapoor said, "There is a segment of passengers who feel that if they have bought a ticket, they own the airline, the aircraft, and the crew."

IAF scrambles jets after bomb scare on Iranian origin civil aircraft

"The aircraft was offered the option to land at Jaipur and then, at Chandigarh. However, the pilot declared his unwillingness to divert to either of the two airports," the IAF said in a statement.

Iranian jet fighter crashes, three killed

The head of the local Red Crescent said the jet smashed into a school, and that one of the dead was a resident of the neighbourhood. An investigation is underway, the state broadcaster said.

IndiGo terms Budget 2022 as 'growth-oriented', expects cut in excise duty on jet fuel

"Budget 2022-23 appears to be growth-oriented by an increase in the capital outlay of Rs 7.5 lakh crore, fiscal deficit capped at 6.4 per cent and efforts are being made to reduce compliance burdens and improve ease of doing business," IndiGo Whole-Time Director and CEO Ronojoy Dutta said in his Budget reaction.

Jet Airways 2.0 may be back in skies in six months, says Resolution Professional

Chhawchharia said he would file the resolution plan with the National Company Law Tribunal (NCLT) at the earliest. The plan for revival is not based on upfront recovery, he said

Editor's Take | Post default, will Naresh Goyal cede control of Jet Airways?

For an airline that loses around Rs 14 crore a day, Jet Airways faces an uphill task to raise capital and skirt insolvency proceedings.

Mitsubishi Regional Jet maker again delays first delivery

The postponement of the Mitsubishi Regional Jet (MRJ), the fifth since the programme began, means its launch customer, ANA Holdings Inc, will not receive delivery until 2020, the firm said in a press release.

Aus, India deals boost French arms sales to record 20 bn euros

"In 2015, we hit our historical exports figure of 17 billion euros," Jean-Yves Le Drian said in a New Year's speech to defence officials late on Thursday.

Demonetisation has hit business jet operators: BAOA

The Government's demonetisation move and the subsequent cash crunch has "hit" the business jet operators in the country with some of them witnessing cancellations though not significant, according to an industry executive.

DRDO to seek explanation from Embraer over kickback allegation

The deal was signed in 2008 between Embraer and the DRDO for three aircraft equipped with indigenous radars for AEW&C (airborne early warning and control systems).

Market likely to be higher; macro data, SBI, Sun Pharma in focus

SBI, Sun Pharma, Cipla, Glenmark Pharma, Jet Airways, Hindalco and Bosch are few major companies which will announce Q1 results today.

ATF price hiked by 9.2%; non-subsidised LPG by Rs 21/cylinder

The hike comes on the back of 1.5 percent increase effected on May 1 and a steep Rs 3,371.55 (8.7 percent) hike on April 1. Prior to that, rates were hiked by steep 12 percent, or by Rs 4,174.49, on March 1.

Sebi proposes 25% voting right threshold for 'control'

Launching a public consultation process, the regulator said the final decision on putting in place 'bright-line tests for acquisition of control' under takeover regulations would be taken after looking into views of all stakeholders.

Sensex, Nifty continue to skid; Bajaj Auto tanks 4%

Capital goods, metals and pharma stocks are falling sharply. Hit by weak October sales, Bajaj Auto is down 4 percent. Hindalco, Lupin, Tata Steel and L&T are major losers in the Sensex. Among the gainers are M&M, ICICI Bank, Tata Motors, Maruti and Axis Bank.